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Austral Resources Secures Lady Loretta and Moves Debt-Free
3:40pm on Thursday 30th of April, 2026 AEST
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Mining
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Austral Resources Secures Lady Loretta and Moves Debt-Free
3:40pm on Thursday 30th of April, 2026 AEST
Key Points
Acquisition includes mining leases and infrastructure
US$40 million cash received from Glencore
2.5% net smelter return royalty and offtake deal with Glencore
Drilling and pit wall cutback planned for 2026
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Austral Resources Australia (ASX:AR1)
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